🩸 OIL MARKET CRASH!

#Oil has plunged nearly 8% following Trump's midterm election setback, as Chuck Schumer signals efforts to bring the Iran war to an end.

Markets are increasingly pricing in the possibility of peace, sending oil prices sharply lower.

Is the geopolitical risk premium finally starting to unwind?

$CL | $BZ

#CrudeOil #OilPrices #EnergyMarkets #Geopolitics